+
KIIFB allocates Rs 1.02 bn for Kochi metro phase II's land acquisition
RAILWAYS & METRO RAIL

KIIFB allocates Rs 1.02 bn for Kochi metro phase II's land acquisition

The Kerala Infrastructure Investment Fund Board (KIIFB) has allocated Rs 1.02 billion to purchase land for the Kakkanad extension of Kochi Metro, putting the project on track. The process of acquiring land and compensating the landowners will be finished in one month.

Kochi Metro Rail (KMRL) would be able to start the processes for requesting bids for the building of stations and Metro viaducts after the land purchase is finished.

The authority will be paying out compensation as soon as they have the necessary monies. The KRML claims to have deposited a certain sum into the revenue department's account, however sources at the revenue department claim that the account has not been credited with that amount. There might have been a technical issue. If the KMRL deposited the money, it ought to be added to our account by the end of the following working day.

The stretch of road from Palarivattom Junction to Chembumukku has been widened. Land acquisition along the Kunnumpuram-Infopark corridor has come to an end. For the stretch of road between Chembumukku and Kunnumpuram, land acquisition is still in progress.

The government has already set aside the necessary funds to compensate the owners of the property that will be used for Metro stations. Four of the 11 stations along the Jawaharlal Nehru Stadium-Infopark stretch would be owned by the government or institutions of the government.

11.17 km will be covered in Kochi Metro's Phase II extension. A few years ago, it was expected that the project would cost about Rs 24 billion. The likelihood of cost growth is significant. Along the Metro corridor, roads will need to be extended to 22 metres.

Also read:
Former UPMRCL MD receives Lifetime Achievement Award
Contract to supply HHR for Chennai metro phase 2 is won by VNC-KEC JV


The Kerala Infrastructure Investment Fund Board (KIIFB) has allocated Rs 1.02 billion to purchase land for the Kakkanad extension of Kochi Metro, putting the project on track. The process of acquiring land and compensating the landowners will be finished in one month. Kochi Metro Rail (KMRL) would be able to start the processes for requesting bids for the building of stations and Metro viaducts after the land purchase is finished. The authority will be paying out compensation as soon as they have the necessary monies. The KRML claims to have deposited a certain sum into the revenue department's account, however sources at the revenue department claim that the account has not been credited with that amount. There might have been a technical issue. If the KMRL deposited the money, it ought to be added to our account by the end of the following working day. The stretch of road from Palarivattom Junction to Chembumukku has been widened. Land acquisition along the Kunnumpuram-Infopark corridor has come to an end. For the stretch of road between Chembumukku and Kunnumpuram, land acquisition is still in progress. The government has already set aside the necessary funds to compensate the owners of the property that will be used for Metro stations. Four of the 11 stations along the Jawaharlal Nehru Stadium-Infopark stretch would be owned by the government or institutions of the government. 11.17 km will be covered in Kochi Metro's Phase II extension. A few years ago, it was expected that the project would cost about Rs 24 billion. The likelihood of cost growth is significant. Along the Metro corridor, roads will need to be extended to 22 metres. Also read: Former UPMRCL MD receives Lifetime Achievement Award Contract to supply HHR for Chennai metro phase 2 is won by VNC-KEC JV

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code